US EditionYpf Transferred Mature Areas to Fomicruz and Santa Cruz Already Charged Usd 140 Million
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The province of Santa Cruz announced an important modification in its Fiscal Code to encourage the establishment of companies in the Free Zones of Río Gallegos and Caleta Olivia. The measure consists in exempting from the tax the Gross Income from the commercial operations developed in these lands, seeking to boost productive investment, generate employment and promote industrial development in the region. The Patagonian province of Santa Cruz w…
The Santa Cruz government provided details on the historic transfer of mature areas from YPF to the state company Fomicruz. The announcement was made at a conference led by the Minister of Energy and Mining, Jaime Álvarez, along with the president of Fomicruz, Oscar Vera, and the Secretary of Environmental and Energy Control, Gastón Farías. The measure, which marks a turn in provincial energy policy, includes the transfer of ten operating conces…
The Minister of Energy and Mining of Santa Cruz, Jaime Álvarez announced that next week will be called to tender to award ten hydrocarbon areas that YPF gave to the state Fomicruz. Following the memorandum of understanding signed on April 2 between the governor Claudio Vidal and the president and CEO of YPF, Horacio Marín and the transfer of the areas that the operator operated in the provincial north to Fomicruz, began to run the 180-day period…
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